The Crestbrook Insurance Company Nationwide has been acquiring small to medium-sized insurance organizations and making headlines for a few of its notable accomplishments. Since its acquisition by Nationwide in 1999, the company has consistently generated positive net income and last year, it reportedly made $3.5 million in profit. In addition, the company has donated $15,000 to the United Way and launched its Auto product in California. Read on to learn more about this new company and its recent accomplishments.
Small to medium-sized insurance organizations
Crestbrook Insurance Company, a start-up company, is focusing on a thriving market. Insured by the company in the mid-90s Nationwide Mutual Insurance. Co-writes private client policies with Crestbrook. Nationwide subsidiary Allied Insurance’s private client business in California. The company expects to add another 15 states to its service area in the next two years.
Crestbrook is being rebranded as Nationwide. And it can leverage a big company brand. Both its diversified product offering and financial stability will benefit nationwide and new companies. Its private client customers will continue to benefit from the stability Fortune 100 company, But the agility of a specialized insurer will also benefit. The company will maintain its headquarters in Scottsdale, Arizona.
The Westbrook insurance company has donated $15,000 to United Way
To give back to its community, a local insurance company has donated $15,000 to United Way agencies in Illinois, Georgia, and Washington. In addition, the company committed to making another $105,000 in charitable donations in the future. This money was distributed during the year 2015. This year’s recipient is Childhaven, a non-profit that helps the smallest victims of abuse and neglect, while also helping them to succeed in school.
The Crestbrook insurance company nationwide has underwritten positive net income every year since 2010
Acquired by Crestbrook Insurance in 1999. Since then Nationwide has achieved positive net profit every year. Last year, it made a profit of $3.5 million. The company provides insurance policies to customers through independent agents. Nationwide plans to rebrand some of its subsidiaries to leverage the brand name. One of these subsidiaries is Crestbrook. Read on to know more. Listed below are some key facts about Crestbrook Insurance and its operations.
First of all, Crestbrook Insurance Company has been profitable every year since 2010. The company has consistently underwritten positive net income since 2010. And now, the new name will better reflect its new brand identity: Nationwide Private Consumer. The rebranded company was committed to ensuring affluent customers across 16 states. Pedersen emphasized that the name change will not affect the company’s commitment to its custom.